Weekly Analysts’ Ratings Updates for Intel Corporation (INTC)

Intel Corporation (NASDAQ: INTC) has recently received a number of price target changes and ratings updates:

  • 9/6/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company unveiled Myriad X, which will boost footprint in the IoT space. Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which is a headwind for the company. Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 9/5/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $45.00 price target on the stock.
  • 9/4/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company unveiled Myriad X, which will boost footprint in the IoT space. Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which is a headwind for the company. Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 9/1/2017 – Intel Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/31/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company unveiled Myriad X, which will boost footprint in the IoT space.Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which is a headwind for the company. Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 8/31/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 8/31/2017 – Intel Corporation had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/29/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel’s second-quarter 2017 results demonstrated the company’s growing focus on the data-centric part of the business. The recent launch of Xeon Scalable is anticipated to benefit its footprint in the data center as well as AI and IoT space, going forward. Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. However, we note that Intel has underperformed the industry on a year-to-date basis, which can be attributed to growing competition from AMD in the data center space. We also note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. We believe that this is a significant headwind amid declining PC shipments.”
  • 8/25/2017 – Intel Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/24/2017 – Intel Corporation had its “sell” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/24/2017 – Intel Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $41.56 price target on the stock.
  • 8/23/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 8/23/2017 – Intel Corporation had its “sell” rating reaffirmed by analysts at Rosenblatt Securities.
  • 8/23/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Argus. They now have a $45.00 price target on the stock.
  • 8/22/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $45.00 price target on the stock.
  • 8/18/2017 – Intel Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/17/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Intel’s second-quarter 2017 results demonstrated the company’s growing focus on the data-centric part of the business. The recent launch of Xeon Scalable is anticipated to benefit its footprint in the data center as well as AI and IoT space, going forward. Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. However, we note that Intel has underperformed the industry on a year-to-date basis, which can be attributed to growing competition from AMD in the data center space. We also note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. We believe that this is a significant headwind amid declining PC shipments.”
  • 8/16/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel’s second-quarter 2017 results demonstrated the company’s growing focus on the data-centric part of the business. The recent launch of Xeon Scalable is anticipated to benefit its footprint in the data center as well as AI and IoT space, going forward. Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. However, we note that Intel has underperformed the industry on a year-to-date basis, which can be attributed to growing competition from AMD in the data center space. We also note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. We believe that this is a significant headwind amid declining PC shipments.”
  • 8/15/2017 – Intel Corporation was given a new $30.00 price target on by analysts at Sanford C. Bernstein. They now have a “sell” rating on the stock.
  • 8/10/2017 – Intel Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/9/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
  • 8/8/2017 – Intel Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $40.26 price target on the stock.
  • 8/2/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $46.00 price target on the stock.
  • 8/2/2017 – Intel Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $40.97 price target on the stock.
  • 8/1/2017 – Intel Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/31/2017 – Intel Corporation was downgraded by analysts at Wells Fargo & Company to a “market weight” rating.
  • 7/31/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $40.00 price target on the stock. According to Zacks, “Intel’s second-quarter 2017 results demonstrated the company’s growing focus on the data-centric part of the business. The recent launch of Xeon Scalable is anticipated to benefit its footprint in the data center as well as AI and IoT space, going forward. Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. However, we note that Intel has underperformed the broader market on a year-to-date basis, which can be attributed to growing competition from AMD in the data center space. We also note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. We believe that this is a significant headwind amid declining PC shipments.”
  • 7/31/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $40.00 price target on the stock, down previously from $41.00.
  • 7/31/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $39.00 price target on the stock.
  • 7/30/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $41.00 price target on the stock, up previously from $39.00.
  • 7/30/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $42.00 price target on the stock.
  • 7/30/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $45.00 price target on the stock.
  • 7/30/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Charter Equity.
  • 7/30/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $45.00 price target on the stock, up previously from $42.00.
  • 7/30/2017 – Intel Corporation had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $34.00 price target on the stock.
  • 7/29/2017 – Intel Corporation was given a new $35.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 7/28/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $46.00 price target on the stock.
  • 7/28/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/28/2017 – Intel Corporation was given a new $40.00 price target on by analysts at Northland Securities. They now have a “hold” rating on the stock.
  • 7/28/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $45.00 price target on the stock, up previously from $43.00.
  • 7/28/2017 – Intel Corporation had its “underperform” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $30.00 price target on the stock, up previously from $29.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/24/2017 – Intel Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/22/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Summit Redstone.
  • 7/21/2017 – Intel Corporation had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 7/18/2017 – Intel Corporation had its “sell” rating reaffirmed by analysts at Rosenblatt Securities.
  • 7/18/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $42.00 price target on the stock.
  • 7/17/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Intel has underperformed the S&P 500 index on a year-to-date basis. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. Additionally, increasing competition from AMD's recently launched EPYC server chip is also a headwind.  Moreover, declining PC shipment is a major concern for Intel. Meanwhile, estimates have been going down ahead of the company's Q2 earnings release. However, we note that the company has positive record of earnings surprises in the recent quarters. We believe that upcoming launch of Skylake will drive data center results in the second half. Additionally, aggressive share buyback will boost the bottom line in 2017.”
  • 7/14/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $37.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “overweight” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/14/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $39.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $40.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $38.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $30.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/14/2017 – Intel Corporation had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/13/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $42.00 price target on the stock.

Shares of Intel Corporation (NASDAQ:INTC) traded up 1.748% during midday trading on Monday, hitting $35.805. 10,507,454 shares of the stock were exchanged. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The company has a market cap of $168.25 billion, a PE ratio of 13.666 and a beta of 1.02. The stock has a 50 day moving average price of $35.43 and a 200-day moving average price of $35.51.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, analysts predict that Intel Corporation will post $3.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 7th were given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, August 3rd. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.

In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock worth $3,130,162 over the last ninety days. Insiders own 0.08% of the company’s stock.

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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